Harvest Investment Services LLC Purchases New Holdings in Xometry, Inc. (NASDAQ:XMTR)

Harvest Investment Services LLC bought a new stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,815 shares of the company's stock, valued at approximately $504,000.

Several other large investors have also modified their holdings of the business. Hsbc Holdings PLC acquired a new position in Xometry in the fourth quarter valued at about $234,000. OneDigital Investment Advisors LLC acquired a new position in shares of Xometry in the 4th quarter worth approximately $2,673,000. MetLife Investment Management LLC boosted its position in shares of Xometry by 5.0% during the 4th quarter. MetLife Investment Management LLC now owns 26,086 shares of the company's stock worth $1,113,000 after purchasing an additional 1,241 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Xometry by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 528,194 shares of the company's stock worth $22,537,000 after purchasing an additional 28,892 shares during the period. Finally, First Trust Advisors LP raised its position in Xometry by 2,144.2% in the fourth quarter. First Trust Advisors LP now owns 817,475 shares of the company's stock valued at $34,873,000 after purchasing an additional 781,049 shares during the period. Institutional investors and hedge funds own 97.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup cut their price objective on Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. JMP Securities reiterated a "market outperform" rating and set a $42.00 target price on shares of Xometry in a report on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on shares of Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday. UBS Group increased their price objective on Xometry from $22.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada boosted their target price on Xometry from $27.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.44.

Xometry Stock Up 1.2 %

Shares of NASDAQ XMTR traded up $0.30 during midday trading on Friday, hitting $25.16. 353,308 shares of the company's stock were exchanged, compared to its average volume of 606,037. The firm's fifty day simple moving average is $24.90 and its 200-day simple moving average is $29.52. The company has a market cap of $1.27 billion, a PE ratio of -23.96 and a beta of 0.72. Xometry, Inc. has a twelve month low of $11.08 and a twelve month high of $45.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55.

Insider Buying and Selling at Xometry

In related news, Director Emily Rollins sold 2,000 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $20.66, for a total value of $41,320.00. Following the completion of the sale, the director now directly owns 16,146 shares of the company's stock, valued at $333,576.36. This represents a 11.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Peter Goguen sold 3,000 shares of Xometry stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $35.57, for a total value of $106,710.00. Following the transaction, the chief operating officer now directly owns 161,993 shares in the company, valued at approximately $5,762,091.01. This trade represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,256 shares of company stock worth $2,012,889 over the last three months. Insiders own 16.79% of the company's stock.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.